Minsk 19:12

Belarus’ trade deficit widens

June 26, Pozirk. Belarus’ foreign trade in goods and services rose by 2.2 percent year on year to $31.7 billion in January-April, said the central bank, citing preliminary data.

Exports decreased by 0.3 percent to $15.4 billion, while imports rose by 4.7 percent to $16.3 billion. The deficit widened to at $856 million from $92.6 million in the same period last year.

Trade in goods rose by 0.1 percent to $26.2 billion with exports down 3.7 percent to $12.1 billion. Imports rose by 3.5 percent to $14.1 billion. The deficit of trade in goods widened by 89.2 percent to $1.98 billion.

Trade in services rose by 14.1 percent to $5.4 billion, with exports growing by 14.7 percent to $3.3 billion and imports rising by 13.2 percent to $2.2 billion. The surplus increased by 17.8 percent to $1.1 billion.

Refinance rate rise long overdue – analyst

June 25, Pozirk. The decision by the National Bank of Belarus (NBB) to raise the base refinance rate—at which banks can borrow in order to maintain their reserve levels—from 9.5 to 9.75 percent on June 25 is an economically justified …
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